The affordable housing lottery has launched for The Lyric, a 20-story residential building at 255 West 94th Street on the Upper West Side of Manhattan. Developed by Related Companies, the structure yields 285 residences. Available on NYC Housing Connect are 15 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $101,486 to $187,330.
A new rendering has been revealed for PENN 15, a 56-story commercial supertall at 15 Penn Plaza in Midtown, Manhattan. Designed by Foster + Partners and developed by Vornado Realty Trust, the 1,200-foot-tall skyscraper will yield 2.7 million square feet of office space and stand as the centerpiece of the 7.4-million-square-foot Penn District master plan. Northstar Contracting Group is the demolition contractor for the Hotel Pennsylvania, which is currently being razed to make way for the new tower along Seventh Avenue between West 32nd and 33rd Streets.
Renovation work is progressing on 793 Madison Avenue, a landmarked five-story building in the Lenox Hill section of Manhattan’s Upper East Side. Designed by Joseph Tarella of Sawicki Tarella Architecture + Design and developed by Pinnacle Madison Avenue Corp., the project involves the restoration of the structure’s façade and interiors, and a modernization of its 10,655 square feet of lower-level retail space. The work will also yield a new elevator and an expanded lobby with a separate entrance along East 67th Street. Judson Realty is in charge of marketing and leasing, and Vanguard Construction and Development is the general contractor for the property, which is alternately addressed as 27 East 67th Street and located at the corner of Madison Avenue and East 67th Street.
Elevate Research Properties, the life sciences subsidiary of Taconic Partners, has revealed plans to construct a 200,000-square-foot life sciences project at 309 East 94th Street on the Upper East Side of Manhattan. The building will debut as Iron Horse Labs, named after New York Yankees legend Lou “Iron Horse” Gehrig who was born at the same address.
Permits have been filed for a four-story residential building at 325 Berry Street in Williamsburg, Brooklyn. Located between South 4th Street and South 3rd Street, the lot is near the Marcy Avenue subway station, serviced by the J and M trains. Richie Herbst of Do Well Management LLC is listed as the owner behind the applications.
